1DXNLRPHGLDFKZWU\ELH]DRF]Q\PZQLRVNXMHRSU]\MĊFLHMHMQDVWXGLDGRNWRUDQFNLHZWU\SLHG]LHQQ\P JG\ĪMDNSRGNUHĞOLáDMHGHQVWXGHQWSU]\WDNUR]EXGRZDQHMELXURNUDFMLLSU]\WRF]RQ\FKSU]H]QLąEáĊGDFKMHM IXQNFMRQRZDQLDQLHEĊG]LHVWDQRZLáSUREOHPXGODLWDNVNRPSOLNRZDQHJRQLHSU]HMU]\VWHJRV\VWHPX UHNUXWRZDQLDNDQG\GDWyZ -DNZVND]DáD:.5SRSU]HDQDOL]RZDQLXWUHĞFLRGZRáDQLDQLHGRSDWU]\áDVLĊSRGVWDZGRMHJR XZ]JOĊGQLHQLD .RPLVMD]ZUyFLáDMHGQRF]HĞQLHXZDJĊĪHIRUPDRGZRáDQLDZMHJRNV]WDáFLHVW\OLVW\F]Q\PRUWRJUDILF]Q\P LLQWHUSXQNF\MQ\PMHGQR]QDF]QLHGRZRG]LEUDNXZ\VWDUF]DMąF\FKNRPSHWHQFMLNDQG\GDWNLGRSRGMĊFLD VWXGLyZWU]HFLHJRVWRSQLD :RSLQLLNRPLVMLMHVWWRMHGQRF]HĞQLHSRĞUHGQLGRZyGSRSUDZQRĞFLRFHQ\VIRUPXáRZDQHM]JRGQLHSU]H] FDáąNRPLVMĊSRGF]DVSRVWĊSRZDQLDNZDOLILNDF\MQHJRZZ\QLNXNWyUHM.DQG\GDWNDX]\VNDáD] SU]HSURZDG]RQHMUR]PRZ\NZDOLILNDF\MQHM]PRĪOLZ\FKGR]GRE\FLDSXQNWyZ7\PVDP\PMDN SRGNUHĞOLáD:.5NDQG\GDWNDQLHVSHáQLáDZDUXQNXRNUHĞORQHJRXFKZDáąUHNUXWDF\MQąNWyU\RNUHĞOD NRQLHF]QRĞüX]\VNDQLDZZ\QLNXSU]HSURZDG]RQHMUR]PRZ\NZDOLILNDF\MQHMOLF]E\FRQDMPQLHM SXQNWyZ 3RUR]SDWU]HQLXRGZRáDQLD='ZĞZLHWOHPDWHULDáXGRZRGRZHJR]JURPDG]RQHJRZVSUDZLH5HNWRU X]QDáĪHU]HF]RQHRGZRáDQLHQLH]DVáXJXMHQDXZ]JOĊGQLHQLH 5HNWRUSRGNUHĞOLáĪHNDQG\GDFLRFHQLDQLVą]JRGQLH]XFKZDáąUHNUXWDF\MQą.DQG\GDFLRFHQLDQLVąQD SRGVWDZLHGRNXPHQWyZRUD]QDSRGVWDZLHUR]PRZ\NZDOLILNDF\MQHM :VND]DáĪH]DNUHVSRVWĊSRZDQLDZ\MDĞQLDMąFHJRGHWHUPLQXMąSU]HSLV\VWDQRZLąFHSRGVWDZĊ UR]VWU]\JQLĊFLDZVSUDZLH SRUZ\URN16$]GQLDOLSFDU,26. .U\WHULDLSRGVWDZ\ RFHQ\NDQG\GDWyZZSU]HGPLRWRZ\PSRVWĊSRZDQLXRNUHĞODá]DáąF]QLNXFKZDá\UHNUXWDF\MQHMZSXQNWDFK L:QLRVHNVNDUĪąFHMMDNLZV]\VWNLFKSR]RVWDá\FKNDQG\GDWyZQDVWXGLDGRNWRUDQFNLH SURZDG]RQHQD:'OL%SRGOHJDáRFHQLH]JRGQLH]LFKSRVWDQRZLHQLDPL:WUDNFLHSRVWĊSRZDQLDEUDQRSRG XZDJĊRFHQĊ]áRĪRQ\FKGRNXPHQWyZLZ\QLNUR]PRZ\NZDOLILNDF\MQHM=JRGQLH]DĞ]MHGQR]QDF]Q\P EU]PLHQLHPSNWSSNSU]\ZRáDQHMSRZ\ĪHMUHJXODFMLNDQG\GDFLNWyU]\]UR]PRZ\NZDOLILNDF\MQHM RWU]\PDMąPQLHMQLĪSXQNWyZQLHEĊGąSU]\MPRZDQLQDVWXGLDGRNWRUDQFNLH 5HNWRUSU]\SRPQLDáĪH]JRGQLH]NDUWąRFHQ\NDQG\GDWNDRWU]\PDáD 2EOLF]DQLHSXQNWDFMLZ\QLNDMąFHM]HĞUHGQLHMRFHQ PDNV\PDOQLHSXQNWyZ SNW 2EOLF]DQLHSXQNWDFMLZ\QLNDMąFHM]H]QDMRPRĞFLMĊ]\NyZREF\FK PDNV\PDOQLHSXQNWyZ SNW 2EOLF]DQLHSXQNWDFMLZ\QLNDMąFHM]XNRĔF]HQLDVWXGLyZNLHUXQNRZ\FK PDNV\PDOQLHSXQNW\ SNW 2EOLF]DQLHSXQNWDFMLZ\QLNDMąFHM]RFHQ\DNW\ZQRĞFLQDXNRZHMNDQG\GDWD PDNV\PDOQLHSXQNWyZ  SNW 2EOLF]DQLHSXQNWDFMLZ\QLNDMąFHM]UR]PRZ\NZDOLILNDF\MQHM PDNV\PDOQLHSXQNWyZ SNWZW\P